Nikkei 225 · February 15, 2016
Rebound after the China scare
+7.16%
single-day change vs previous close
Part of a longer stretch
Two and a half years the world rose together
early in it · 2016-02-12 → 2018-10-02, +62.32% over the whole period
What happened that day?
- On 15 February 2016 the Nikkei 225 rose 7.16% in a single day
- Early that year, China worries and collapsing oil had driven global markets sharply lower
- The Bank of Japan had introduced negative rates for the first time in January, but the yen strengthened instead — the opposite of the intent
- A stronger yen cuts exporter profits, which is bad news for the Nikkei
- In mid-February the yen weakened again and oil rebounded, producing the sharp bounce
- Global markets bottomed on 11 February and recovered from there
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.